
Merger1 Jul 2026, 05:00 pm
Maithan Alloys completes merger with Impex Metal & Ferro Alloys
AI Summary
Maithan Alloys Limited has announced the completion of its amalgamation/merger with its wholly-owned subsidiary, Impex Metal & Ferro Alloys Limited. The National Company Law Tribunal (NCLT), Kolkata Bench, sanctioned the scheme via an order dated June 8, 2026. The scheme became operative from March 31, 2024 (Appointed Date) and effective from June 30, 2025 (Effective Date) upon filing with the Registrar of Companies. Consequently, all assets and liabilities of Impex Metal & Ferro Alloys Limited have been transferred to and vested in Maithan Alloys Limited. Impex Metal & Ferro Alloys Limited stands dissolved effective June 30, 2026. No shares were allotted as Impex was a wholly-owned subsidiary.
Key Highlights
- Merger of Maithan Alloys Ltd and its wholly-owned subsidiary Impex Metal & Ferro Alloys Ltd is complete.
- NCLT sanctioned the scheme on June 8, 2026; effective from June 30, 2025.
- All assets and liabilities of Impex Metal & Ferro Alloys transferred to Maithan Alloys.
- Impex Metal & Ferro Alloys Ltd dissolved effective June 30, 2026.
- No share swap as Impex was a wholly-owned subsidiary.
Price Impact
More from MAITHANALL